Skip to content
Agriculture Farming Rural, Business Company News

Rabobank support measures for farmers affected by north Queensland floods

Rabobank 3 mins read

Agribusiness banking specialist Rabobank has advised of a range of support measures that will be offered to its farming clients adversely impacted by floods and extreme rainfall in northern Queensland.

 

Rabobank acting state manager for Queensland, Brad James said that while the situation is still evolving and the full impact of the floods and prolonged heavy rainfall on agriculture will take time to assess – affected primary producers are already dealing with damage to crops, pastures, livestock and infrastructure, including sheds and fencing.

 

Mr James said, “it is very early days”, with flood water still extremely high in some of those impacted regions.

 

“The current priority is on the safety and wellbeing of people in affected districts as well as addressing concerns about loss of homes and businesses. As people start the monumental task of recovery and rebuilding from the devastating floods in the coming weeks, the full extent of the damage will become clearer,” he said.

 

For the agricultural sector, Mr James said, there would be significant concern among producers regarding the loss of crops, pasture and topsoil as well as the impact on livestock and damage to stored inputs and machinery. Additional concerns include potential damage, or loss of access, to road and rail networks – which could affect the movement of goods into and out of the region.

 

“This flood disaster is among the worst in northern Queensland’s recent history and agriculture has undoubtedly borne a significant portion of the damage. However, I want to reassure affected clients that, as a bank focused on agriculture, Rabobank considers it a normal part of our business to support primary producers affected by weather conditions – even extreme events like these,” he said.

 

“This is as we have done following previous floods and other severe climatic conditions – to ensure our clients are well-positioned to rebuild production and financial positions when conditions improve.”

 

Mr James said as a global specialist in agribusiness, Rabobank took a long-term view on its clients’ businesses and understood dealing with periods of extreme weather was part of being in the agricultural sector.

 

“It is our standard practice to support our clients during adverse conditions beyond their control, working with them individually to address these challenges,” he said.

 

Mr James said Rabobank’s staff would be contacting farming clients in impacted areas to offer support and assess the extent of any damage they have sustained.

 

He said the bank would work directly with individual clients whose farms or agribusinesses had been affected to provide support and offer a range of assistance measures in applicable circumstances.

 

These included:

 

  • ‘carry on’ finance to keep viable operations running,
  • waiver of break costs on early redemption of Farm Management Deposits to allow access to needed funds,
  • deferral of scheduled loan payments and
  • waiver of fees on loan increases necessary for rebuilding operations.

 

Any farming clients who had been adversely impacted by the floods and had not yet spoken to the bank should contact their local branch or phone Rabobank on 1800 025 484.

 

<ends>

 

 

Media contacts: 

Denise Shaw                                                    Will Banks     

Media Relations                                               Media Relations

Rabobank Australia & New Zealand                Rabobank Australia  

Phone:  02 8115 2744 or 0439 603 525          Phone: 0418 216 103

Email: denise.shaw@rabobank.com              Email: will.banks@rabobank.com


About us:

 

Rabobank Australia & New Zealand Group is a part of the international Rabobank Group, the world’s leading specialist in food and agribusiness banking. Rabobank has more than 125 years’ experience providing customised banking and finance solutions to businesses involved in all aspects of food and agribusiness. Rabobank is structured as a cooperative and operates in 38 countries, servicing the needs of more than nine million clients worldwide through a network of more than 1000 offices and branches. Rabobank Australia & New Zealand Group is one of Australasia’s leading agricultural lenders and a significant provider of business and corporate banking and financial services to the region’s food and agribusiness sector. The bank has 87 branches throughout Australia and New Zealand.

Media

More from this category

  • Biotechnology, Business Company News
  • 10/02/2025
  • 09:49
Jane Morgan Management

Leading Chicago Pediatric Cente, North Shore Pediatric Therapy, Joins BlinkLab’s US Autism Diagnostic Registrational Study

10 February 2025 – Sydney, Australia | BlinkLab Limited (ASX:BB1) ("BlinkLab" or "the Company"), an innovative digital healthcare company utilising AI-powered smartphone technology as part of a neurodevelopmental diagnostic approach, is pleased to announce that North Shore Pediatric Therapy (NSPT) has joined its US registrational study as the second clinical site. NSPT, a well-known provider of early autism intervention in the Chicago area of the United States, will play an important role in the 100-patient initial phase of the BlinkLab Dx 1 study, with patient recruitment and diagnostic testing set to begin in weeks to come. Highlights NSPT has joined…

  • Contains:
  • Business Company News, Oil Mining Resources
  • 10/02/2025
  • 09:26
Terramin Australia Limited (ASX: TZN)

Gold Mine Dispute: SA Risks Losing $220 Million & 740 Jobs – Terramin Appeals BIHGP Rejection

KEY POINTS Economic Significance $220 million to South Australia's economy. Over140 direct and 600 indirect jobs. $42 million in mineral royalties. Legal Controversy TheMinister’s rejection ignored expert advice from the Department of Energy and Mining. The government’s own technical assessments confirmed no adverse impacts. Raises questions of regulatory consistency for mining investors in Australia. Community & Environmental Responsibility Independent peer-reviewed studies show no harm to existing local businesses. Sustainable mining approach with existing Angas processing site infrastructure. Call to Action for Stakeholders Investors,industry bodies, and local businesses have a vested interest in the project’s approval. The appeal process will determine…

  • Agriculture Farming Rural, Environment
  • 10/02/2025
  • 08:00
Autonomy

RoadBlock delivers at-risk municipalities a front-line weapon in the war against invasive Red Imported Fire Ants

Australian formulation helps prevent spread of hitchhiking pests on council vehicle and machinery fleets Municipalities with public facilities at risk from the invasive spread…

  • Contains:

Media Outreach made fast, easy, simple.

Feature your press release on Medianet's News Hub every time you distribute with Medianet. Pay per release or save with a subscription.